can 1st auditor reappointed as subsequent auditor for 5 years without cooling period
Vidyakrishna vidyakrishna
CA Inter
★ 370
26-Apr-24 12:33
97
Answers (2)
Only for companies who do not have to get their books of accounts audited by CAG.
AK SPEC VIDS
CA Inter
★ 6K+
27-Apr-24 10:47
In case the company has appointed an Individual Auditor, then such auditor cannot be re-appointed after the expiry of 5 years of its term. There should be a cooling off period of at least another 5 years.